In its weekly economic analysis, the Center for Economic Studies of the Private Sector said nearshoring has put Mexico "in a privileged place," and the country should make the most of the trend since it can stimulate economic growth and promote the well-being of the population.

Companies place great value on the availability of energy when considering productive investment, and providing access to energy largely falls on the federal government, it said.

Mexico's economy is not currently experiencing a recovery. However, official data recently showed a better-than-expected performance in the third quarter of 2024, with a 1.6 percent growth annually.

Given the data, it is likely that Mexico's economy will see growth of slightly over 1.5 percent in 2024, the institute said.

The Mexican economy grew 3.3 percent in 2023. The government has forecast growth at 2.0-3.0 percent in 2025, according to the economic package it submitted to Congress for analysis on Nov. 15. 

According to english.news.cn